More than 2 weeks ago, I published an article titled "I Sold My 4 Pigs Today" where I shared there that after a couple of months of raising the piglets I bought last April 13, I got to sell the remaining 4 pigs already with a decent profit.
And now, I'm going to share almost the same thing again as I sold my 4 pigs again today, and I'll also be sharing about the expenses I spent on these pigs and the profit I got to acquire from them. I'll also give a brief update about my capital invested in this business or the money I still opt to recoup.
I know, some of you who have been reading related articles about this hog-raising or piggery business that I'm trying to put up and manage are already growing tired of reading the same thing over and over again but I will probably keep on sharing about them since it's something I'm enthusiastic to talk about unless I also get tired of writing about it. So until that time comes, I'll keep sharing my journey and it's up to you if you will keep reading them or not.
Anyway, just like what I have mentioned, I decided to sell my 4 pigs again after I saw that they were good enough to be sold already. That's why I instructed my mother to look for potential buyers already so that we can sell them as soon as possible.
We got to sell the first pig (which is not in the photo) for 12,000 pesos and the buyer said they'll be cooking it as Lechon for a celebration. Then, we sold the 2nd white pig for 13,500 pesos and they gave an additional 100 pesos since they opted to get the pig after 3 days. And after more than a week of asking my mother to look for a potential buyer for the 2 remaining pigs, my father made an offer that he'll just be the one to buy the 2 pigs for 26,000 pesos or 13,000 pesos each. And since I know that he has a plan of raising the pig too until he could sell them for 20,000 pesos each after a month, I decided to accept the offer so that he could also earn good profits after.
In total, I got to sell the 4 pigs for 51,600 pesos, or around 12,900 pesos each. And here's a breakdown of my expenses for these pigs and the profit I made.
Expenses:
4 piglets= 20,000 pesos since I bought 1 piglet for 5,000 pesos each.
8 sacks of hog pellet= 16,000 pesos where I rounded up the price of each sack of hog pellet for 2,000 pesos but it's actually just around 1,850 pesos and I also estimated that they got to eat a total of 8 sacks of feeds in almost 3 months.
Other expenses= 500 pesos for the deworming vaccine, medicine for the piglet, and mosquito spray.
Total Expenses= 36,500 pesos
Profit Earned= 15,100 pesos
Revenue Breakdown: P51,600.00
Capital Recouped- 36,500 pesos
Labor Fee and Farm Rent- 5,000 pesos (3,000 pesos for my mama, 1,000 pesos for my papa, and 1,000 to my uncle for the farm rent.)
Net Profit= 10,100 Pesos
Now, I only have 3 pigs that are good for disposal or ready to be sold where 1 of them is reserved for my brother's upcoming wedding but I'll probably be the one to pay for it since my business is a separate entity and a set of 8 piglets that were bought last June 30.
And here are also the money spent on the expenses that I opt to recoup in the remaining 3 pigs and 8 piglets.
15,000 pesos for the 3 piglets that were bought last May 03.
44,000 pesos for the new set of 8 piglets that were bought last June 30.
6,000 pesos for the 3 sacks of Starter hog pellets, which means that all the 3 pigs and 8 piglets have only eaten 3 sacks of hog pellets so far, and that's where the potential profit comes in.
Total Expenses- 65,000 pesos
And here's also the overall profit made where it was rolled over with the capital.
1st profit- 1,500 pesos
2nd profit- 4,000 pesos
3rd profit- 5,000 pesos
4th profit- 5,000 pesos
Total Overall Profit Rolled Over with the Capital- 15,500 pesos
I don't know if you got to follow what I've been blabbering about but this is already the overview and recent update of my Hog raising business journey. It's a little complicated when you look at the numbers but all I can say is that the business is slowly growing and thriving and I hope it continues to stay that way.
Anyway, that's all there is in this article. I don't know if you learned a thing or two from this but thanks for reading. Cheers!
Sheeesh that's a lot of profit if capital isn't included, it's really expensive to buy piglet right now unlike before that my uncle bought a single piglet for a thousand pesos. It's also expensive to supply food for piglet since they really need a pellet. Still you've got a profit and its good that those piglets have no diseases got from surroundings.